Investment banking revenues rise in Europe despite M&A slump

JPMorgan tops the league table for revenues in the Emea region for a fourth year running

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By

Tim Burke

January 3, 2018 Updated: 3:13 p.m. GMT

Investment banking fees earned in Europe, the Middle East and Africa rose by 8% last year, with a leap in revenues from equity capital markets work making up for a drop in mergers and acquisitions — the industry's biggest business.

Figures from Dealogic show total industry investment banking revenues from M&A advice, lending and capital markets underwriting across Emea stood at $19bn in 2017. The region's share of global revenues was in line with 2016, at about 23%. In comparison, US figures increased 10% to $45bn.